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Dec 30, 2012
12/12
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because of the job creation potential of domestic energy resources. we turn natural gas into transportation fuel, what a deal that would be. tell the opec nation that we don't want your oil anymore. we are producing methanol or gasoline from natural gas. we are going to keep the money in this country, invested over and over again, create jobs and counties that haven't seen job creation in decades to end this would just multiply. on top of that, it's not just drillers who succeed landowners. it is the people who make the equipment. we have such a boom opportunity here that it would be shameful for hollywood set the wrong impression in people's minds at the fas do not bear up under the hollywood interpretation. gerri: let's be clear. pennsylvania, ohio, you look across the region are it a real renaissance for the first time for areas where people were just desperate for some kind of economic jolt. here they have it. they have it from their ow soil, right from their backyard. epa is going to step in here. we will see what happens. thank you for coming on
because of the job creation potential of domestic energy resources. we turn natural gas into transportation fuel, what a deal that would be. tell the opec nation that we don't want your oil anymore. we are producing methanol or gasoline from natural gas. we are going to keep the money in this country, invested over and over again, create jobs and counties that haven't seen job creation in decades to end this would just multiply. on top of that, it's not just drillers who succeed landowners. it...
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Dec 28, 2012
12/12
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FBC
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eye 113
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with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. we don't let frequent heartburn come between us and what we love. so if you're one of them people whgets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur gerri: big tax hikes set to take effect on january 1. what is the most important one to worry about? we will tell you after the break. stay with us gerri: you make it, they take it. 23.8% is the raise that policymakers will see on capital gains. chris edwards joins me now. he is director for tax policy studies at the cato institute. i would like to show people what we're talking about. he gets confusing for people. we have a current tax rate, 15%. on january 1, the capital gains tax rate will jump to 23.8%. i talked to a lot of my friends and they say that's not a big dumb. what you say? >> it is a big jump. if you add state taxes on top of that, the united states will be up to 20%. our major trading par
with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. we don't let frequent heartburn come between us and what we love. so if you're one of them people whgets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur gerri: big tax hikes set to take effect on january 1. what is the most important one to worry about? we will tell...
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all of the things the obama administration has done have been anti growth, whether energy licy, trade with china, reregulation of wall street. and now this, taxing all those jobs creators, all those small businesses. i don't know why you would want to invest in this country now. gerri: let me ask you this. the congressional budget office has out its numbers. if the fiscal cliff hits they say u.s. gdp would shrink by half a percentage point and that unemployment will rise to over 9%. do you think they have the rights or are they just too conservative? will it be worse? >> if we actually went over the cliff we would be subtracted from domestic demand over $600 billion. that is about four percentage points in gdp. most economists were forecasting in the first half of next year hardly 2 percent growth. if you subtract 4% to spending from that year and a recession that is much deeper. the cbo tense and not be alarmist because they say what they are partisan, but congress read it paycheck, and tey don't want to say congress is being irresponsible and thrusting the economy into the next grea
all of the things the obama administration has done have been anti growth, whether energy licy, trade with china, reregulation of wall street. and now this, taxing all those jobs creators, all those small businesses. i don't know why you would want to invest in this country now. gerri: let me ask you this. the congressional budget office has out its numbers. if the fiscal cliff hits they say u.s. gdp would shrink by half a percentage point and that unemployment will rise to over 9%. do you...
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Dec 29, 2012
12/12
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FBC
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with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. ♪ >> to tell me to get out of the class. i said, no poor because in the hally. that's like wearing a kkk shirt because she knows nothing about a. tom: she claims her teacher martyr. now our family is suing. the lawsuit is claiming the philadelphia school district ignored that right to free speech and let other students harasser and subject her to an emotional distress. to our legal eages in tonight's let me be brief segment, trial attorneys says -- samantha has a good case. debra plumb sides with the school. deborah, let's start with you. why is the school right? >> the school was not involved. the teacher was acting in an individual capacity, not in her official capacity. granted, her actions were completely wrong. the evidence does not support that the school had promulgated a policy of limiting the students' free-speech, so the school is absolutely not liable. tom: how can she not be part of my employers work if i'm performing my teaching duties.
with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. ♪ >> to tell me to get out of the class. i said, no poor because in the hally. that's like wearing a kkk shirt because she knows nothing about a. tom: she claims her teacher martyr. now our family is suing. the lawsuit is claiming the philadelphia school district ignored that right to free speech and let other students harasser and subject her to an emotional distress. to our legal eages in...
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we produce green energy. green energy, reduce co2 emissions. when you look at countries around the world, australia, new zealand, huge backlash in ontario, we're seeing backlash against the large wind projects going in all over the place. gerri: new york, you have an interesting example there. >> just last month lawyers filed in new york, lawsuits residents in herkimer county, north of albany, they filed a lawsuit, projects some are within 1,000 feet or so of residences emitting all noise, keeping them up and diminishing property values. they filed suit. it is indicative of the backlash. gerri: this is first time this will be heard in a court of law, the issue about the sound. >> in the u.s., yes. gerri: and seems to me, that is pollution. >> sure it is. that is the part, exposes the double-standard, gerri. it just drives me crazy. where is the sierra club? where is greenpeace, natural resources defense council, so-called environmental groups? why aren't they standing up for the small landowners? they are really getting a raw deal. wind energy
we produce green energy. green energy, reduce co2 emissions. when you look at countries around the world, australia, new zealand, huge backlash in ontario, we're seeing backlash against the large wind projects going in all over the place. gerri: new york, you have an interesting example there. >> just last month lawyers filed in new york, lawsuits residents in herkimer county, north of albany, they filed a lawsuit, projects some are within 1,000 feet or so of residences emitting all...
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Dec 29, 2012
12/12
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FBC
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eye 90
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we keep talking about we won independence, energy independence in this country. gosh, it just seems like all of that is moving in the right direction. >> yes. we are projected to overtake saudi arabia and oil production in the next couple decades, precisely because of this palm. if you go out to places like north dakota, for instance, which is about the balkan shale formation, uc -- it's incredible you have towns of 1 percent unemployment rates. north dakota has the lowest. tom: new york and california with all kinds of oil under their feet and they won't take it. >> that's right. you have groups of using the legal system, trying to up suits either prevent this from happening or tighten up regulations will bring regulation fugh to the federal level. it's a shame. as you know, these towns that have really been very -- hit very hard would do very well if we expanded this practice. tom: it would provide jobs, money, taxes and all that. laughlin from the heritage. thank you. appreciate. >> thank you for adding me. tom: well, martin class by a teacher with no class. o
we keep talking about we won independence, energy independence in this country. gosh, it just seems like all of that is moving in the right direction. >> yes. we are projected to overtake saudi arabia and oil production in the next couple decades, precisely because of this palm. if you go out to places like north dakota, for instance, which is about the balkan shale formation, uc -- it's incredible you have towns of 1 percent unemployment rates. north dakota has the lowest. tom: new york...
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energy iormation administration. that tops previous records set during the oil crease sis of 73, '74,981, even when you adjust for inflation. the average pri of gasoline for the year also set an all-time record here in the states. according to aaa drivers paid $3.60 a gallon beating the previous record set last year. we beat that record unfortunately by nine cents. natural gas futures fell. a slate of cold temperatures recently pushed prices up with higher demand but forecasters say unusually warm mperatures are heading for the midwest and northeast as early as this weekend. >>> the senate gop caucus end ad high stakes meeting just a short time ago. will senate republicans embrace the latest framework for a fiscal cliff deal? also how failure to get a fiscal cliff deal could lead to a mortgage rate free fall. "piles of money" coming up. ♪ [ male announcer ] how could switchgrass in arntina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we
energy iormation administration. that tops previous records set during the oil crease sis of 73, '74,981, even when you adjust for inflation. the average pri of gasoline for the year also set an all-time record here in the states. according to aaa drivers paid $3.60 a gallon beating the previous record set last year. we beat that record unfortunately by nine cents. natural gas futures fell. a slate of cold temperatures recently pushed prices up with higher demand but forecasters say unusually...
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Dec 29, 2012
12/12
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FBC
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with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. time for citi price rewind. because your daughter really wants that pk castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that is going on. the senate agricultural committee chairwoman pushing for a short-term extension to avert the cliff. but if that does not happen, no prices -- milk prices to go up to $8 per gallon. the supermarket group on how this is going to turn consumers soured. you bet that would. that's about double. >> it is about double. it will increase, hopefully not.
with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. time for citi price rewind. because your daughter really wants that pk castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic...
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Dec 29, 2012
12/12
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FBC
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eye 82
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etp, energy transper partners wants a line to the gulf coast. transcanada wants to move oil from alberta oil sands all the way over to quebec. adam: let's wrap up. i will challenge you on something. >> okay. adam: this sounds like music to an investor's ears. yesterday we had a guest on who said this prediction of oil independence for the united states is way overblown. eia and the iea got it wrong. as an investor do i need to listen to the guest we had yesterday or should i ignore that and continue to proceed as if this oil bonanza continues? >> well i think you should proceed that the oil bonanza con since because worldwide oil prices are going up due to higher demand. as prices go up, it gives good access to production. i mean the production industry will grow, and the transportation of crude oil will grow wit. adam: all right. andy, we appreciate you being here. you mentioned every train company except for the atchison topeka and the sante fe. if they were in business still you would be getting in on action. >> be well, adam. adam: nebraska'
etp, energy transper partners wants a line to the gulf coast. transcanada wants to move oil from alberta oil sands all the way over to quebec. adam: let's wrap up. i will challenge you on something. >> okay. adam: this sounds like music to an investor's ears. yesterday we had a guest on who said this prediction of oil independence for the united states is way overblown. eia and the iea got it wrong. as an investor do i need to listen to the guest we had yesterday or should i ignore that...
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Dec 28, 2012
12/12
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FBC
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energy stocks notably weak again today. six down days in a row so check out the energy select spider exchange traded fund. it's xle, and it's basically a proxy for the energy complex, oil producers, service providers, pipeline operators, and xle, as you see, up 1.25%. in terms of the individual names, exxon mobile down 1.5%. chevron down 1.5%. total down 2%. conoco phillips 1%. red arrows across the board. congressional leaders meeting at the white house right now, and there is -- the question is is there any chance there's a deal before we hit the cliff, or do we just hunker down and wait for spring? gosh, i hope not. lance roberts, ceo of street talk, joining me in a fox business exclusive. lance, thank you. look, they are meeting in washington now. i don't know whether we should be excited or not. what do you think is the outcome? when do you think we'll get something done? >> not until after the first of the year. ashley: what! how late into the new year do you think? >> well, here's the bottom line, as we look at this
energy stocks notably weak again today. six down days in a row so check out the energy select spider exchange traded fund. it's xle, and it's basically a proxy for the energy complex, oil producers, service providers, pipeline operators, and xle, as you see, up 1.25%. in terms of the individual names, exxon mobile down 1.5%. chevron down 1.5%. total down 2%. conoco phillips 1%. red arrows across the board. congressional leaders meeting at the white house right now, and there is -- the question...
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142
Dec 27, 2012
12/12
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FBC
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with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. ♪ . adam: iran is detonating a nuclear rhetoric once again. the rogue state says it will allow iaea inspectors to access a military base suspected being a secret nuclear site but hold on a second. it is not without conditions. iran says they won't enter into any negotiations until western sanctions are lifted and any threat of attack from israel is diffused. so are the iranians ready to talk or is this a ruse to get the west off their back? joining us with more is a senior analyst for a global consulting firm and fox news contributor. start with israel. any chance the israelis would ever back off? what do they mean by diffuse? >> what does it mean by backing off? what the israelies are doing surveilling the situation. it is not within our timeline but within their own. over three decades the iranian regime has not been shy about being, openly public about wanting to blow israel off the map. adam: right. >> israelis will do whatever it takes to protec
with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. ♪ . adam: iran is detonating a nuclear rhetoric once again. the rogue state says it will allow iaea inspectors to access a military base suspected being a secret nuclear site but hold on a second. it is not without conditions. iran says they won't enter into any negotiations until western sanctions are lifted and any threat of attack from israel is diffused. so are the iranians ready to talk or...
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121
Dec 27, 2012
12/12
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FBC
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did you have a stronger dollar against the euro >> energy pricing is losing ground after jumping 3%. we have sandy smith at the chicago mercantile exchange. you told us oil would hit $100. we're on our way. >> we are down with today's session. people stepped in to the oil market because it was struggling. it is still negative for the year at underperforming and crude oil is down a percent and again today the word is he'll like it did deal by the end of the year and those who do as an say it will not be right where it will be bad. we still are not talking about growing jobs so there is negative sentiment crude-oil prices down when typically during of big storm prices would go up but they're dropping because there is fear we will enter a recession and the country will struggle and they say if we enter the new year we will see higher taxes, lower home values in people struggling. it is not a good. they say that's speaker boner will cave in and we will not get a good deal. >> calls it these oil cliffhanger. >> it is rattling explaining why a trading volume was down there may be at camp s
did you have a stronger dollar against the euro >> energy pricing is losing ground after jumping 3%. we have sandy smith at the chicago mercantile exchange. you told us oil would hit $100. we're on our way. >> we are down with today's session. people stepped in to the oil market because it was struggling. it is still negative for the year at underperforming and crude oil is down a percent and again today the word is he'll like it did deal by the end of the year and those who do as...
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132
Dec 31, 2012
12/12
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FBC
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eye 132
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it could move us toward energy independence. could cut our balance of payments deficit. could create hundreds of thousands of jobs. could let us be an exporter of chemicals and other products. could result in vast capital expenditures in chemical and plastics industries. and finally, could lower the cost of electricity both for manufacturers and consumers. it could put a few hundred dollars a year more in the pockets of every-day people. that is something that would really be good for the economy quite independently of all these other moves. liz: we have about 10 seconds left. if we don't get a deal and we do get one of the, fitch ratings agency or perhaps moody's downgrading the u.s., will it be awful, yes or no? >> well, i think a downgrade will have very little effect where the bond actually trade. liz: we've got to go, wilbur. happy new year. david: happy new year, wilbur. >> happy new year
it could move us toward energy independence. could cut our balance of payments deficit. could create hundreds of thousands of jobs. could let us be an exporter of chemicals and other products. could result in vast capital expenditures in chemical and plastics industries. and finally, could lower the cost of electricity both for manufacturers and consumers. it could put a few hundred dollars a year more in the pockets of every-day people. that is something that would really be good for the...
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98
Dec 28, 2012
12/12
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WETA
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eye 98
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energy stocks led the downturn both for the day and the week. and as you can see, materials and industrials were also weak. toyota got the okay from a u.s. judge on that massive class action settlement. the lawsuit was brought by car owners who lost value on their cars because of sudden, unintended acceleration problems. toyota shares fell 0.5% to just above $92 per share. apple says it will withdraw cpas tentimlaagainst a new samsung phone after the company said it will not sell the phone in the u.s. but apple shares still sold off, down more than $5 to $509. barnes and noble says british media company pearson is making a $90 million investment in its nook media unit. that's about a 5% stake. back in april, microsoft made a $300 million investment in the unit.im looking at the players: shares of barnes and noble jumped more than 4% to almost $15 a share. pearson slipped a fraction. and microsoft lost 1.5%. wal-mart plans to start monitoring the warehouses of subcontractors it uses here in the u.s. the program stems from complaints of poor worke
energy stocks led the downturn both for the day and the week. and as you can see, materials and industrials were also weak. toyota got the okay from a u.s. judge on that massive class action settlement. the lawsuit was brought by car owners who lost value on their cars because of sudden, unintended acceleration problems. toyota shares fell 0.5% to just above $92 per share. apple says it will withdraw cpas tentimlaagainst a new samsung phone after the company said it will not sell the phone in...
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Dec 29, 2012
12/12
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WJZ
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eye 87
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energy stocks led the downturn both for the day and the week. and as you can see, materials and industrials were also weak. toyota got the okay from a u.s. judge on that massive class action settlement. the lawsuit was brought by car owners who lost value on their cars because of sudden unintended acceleration problems. toyota shares fell 0.5% to just above $92 per share. apple says it will withdraw patent claims against a new samsung phone after the company said it will not sell the phone in the u.s. but apple shares still sold off, down more than $5 to $509. barnes and noble says british media company pearson is making a $90 million investment in its nook media unit. that's about a 5% stake. back in april, microsoft made a $300 million investment in the unit. looking at the players: shares of barnes and noble jumped more than 4% to almost $15 a share. pearson slipped a fraction. and microsoft lost 1.5%. wal-mart plans to start monitoring the warehouses of subcontractors it uses here in the u.s. the program stems from complaints of poor worker
energy stocks led the downturn both for the day and the week. and as you can see, materials and industrials were also weak. toyota got the okay from a u.s. judge on that massive class action settlement. the lawsuit was brought by car owners who lost value on their cars because of sudden unintended acceleration problems. toyota shares fell 0.5% to just above $92 per share. apple says it will withdraw patent claims against a new samsung phone after the company said it will not sell the phone in...
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142
Dec 28, 2012
12/12
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FBC
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sandra: this from a late government report on energy supplies. normally we get a crude oil report on wednesday but because of the christmas holiday we got it today and we are a few minutes from the close of the trading session for crude oil. it has been quite a week. the second straight day of losses but still hanging on to the $90 market. this crude-oil inventories key, showing the size of crude oil setting a nine month high, that would be good for gasoline prices to go lower. this isn't always a good sign about the economy. in the face of the fiscal cliff there is concern about what will happen with taxes and american consumers income in the new year. they're backing off of energy consumption. that is leading to lower prices. for the trading, overall volume is half of its 100 a average. we're seeing light participation in those markets and as of today crude down 8%. we are watching natural-gas prices as whether roles throughout the country. folks are using more natural gas pushing prices up, contrary to crude-oil prices going down, the energy r
sandra: this from a late government report on energy supplies. normally we get a crude oil report on wednesday but because of the christmas holiday we got it today and we are a few minutes from the close of the trading session for crude oil. it has been quite a week. the second straight day of losses but still hanging on to the $90 market. this crude-oil inventories key, showing the size of crude oil setting a nine month high, that would be good for gasoline prices to go lower. this isn't...
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168
Dec 31, 2012
12/12
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FBC
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eye 168
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it would extend tax credits for clean energy companies that are creating jobs and reducing our dependence on foreign oil. it would extend unemployment insurance to two million americans who are out there still actively looking for a job. i have to say that ever since i took office throughout the campaign, and over the last couple of months my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible way, that just doesn't deal with the taxes but deals with the spending in a balanced way so we can put all this behind us and just focusing on growing our economy but with this congress that was obviously a little too much to hope for at this time. [laughter] it may be we can do it in stages. we're going to solve this problem instead in several steps. last year in 2011 we started reducing the deficit through one trillion dollars in spending cuts. those have already taken place. the agreement being work on right now would further reduce
it would extend tax credits for clean energy companies that are creating jobs and reducing our dependence on foreign oil. it would extend unemployment insurance to two million americans who are out there still actively looking for a job. i have to say that ever since i took office throughout the campaign, and over the last couple of months my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it,...
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871
Dec 29, 2012
12/12
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WETA
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. >> and harn es -- harness our technology for new energy solutions. >> the people of boeing are looking to tomorrow to build a better tomorrow. >> that's why we're here. >> additional corporate funding is provided by -- prudential financial. additional funding is provided by the annenburg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again live from washington, moderator gwen ifill. gwen: good evening. 2012 was a remarkable year one that was shaped by other exploration of america's essential divide, red vs. blue, yes. but also red vs. red. congress vs. the white house and when it came to foreign policy, whether and how to intervene. we begin, of course, with election 2012. >> thank you, new hampshire. tonight we made history. he is the worst republican in the country to put up against barack obama. >> if you've got a business, you didn't build that. >> president obama promised to begin to slow the rise of the oceans and to heal the planets. my promise is to help you and your family. >> when you pick up
. >> and harn es -- harness our technology for new energy solutions. >> the people of boeing are looking to tomorrow to build a better tomorrow. >> that's why we're here. >> additional corporate funding is provided by -- prudential financial. additional funding is provided by the annenburg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again live from washington, moderator gwen ifill....
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Dec 31, 2012
12/12
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WBAL
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. >> 90% of the energy is wasted. what they've replaced them with a much more energy efficient bulbs that are just as good and will save you money over the long run. >> most bulbs must use 27% energy by 2014. here are two replacements. >> they do not get bright instantly. >> and led's. >> they use about 75% less energy and produce as much light. >> they are expensive but prices are dropping. the future is dim for incandescent bulbs. the government will turn out the lights for those in 2014. kurt gregory, wbal-tv 11 news. >> a close look at the job market in 2013. jane king has the bloomberg business report. >> good morning. are you thinking about getting a new job fast? 1 in 5 plans to start looking in the next three months. fewer than half expect a pay raise next year. next may be the iwatch. apple is working with intel on a bluetooth watch expected to come out this summer. it will send and receive e-mail and facebook alerts. there is even a tiny speaker and a microphone. investors are concerned that going over the f
. >> 90% of the energy is wasted. what they've replaced them with a much more energy efficient bulbs that are just as good and will save you money over the long run. >> most bulbs must use 27% energy by 2014. here are two replacements. >> they do not get bright instantly. >> and led's. >> they use about 75% less energy and produce as much light. >> they are expensive but prices are dropping. the future is dim for incandescent bulbs. the government will turn...
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113
Dec 31, 2012
12/12
by
FBC
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eye 113
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david: if he could have drawn the energy from 2010, yes. >> do you think he would have won? >> yes. >> only chance for success in the election and policy. stuart: it just didn't seem like that, did it? a rotten economy and we re-elect a president who is in charge of that are then economy. who could have seen that? i didn't see that coming. >> short-term incentives. you know, it is where the money is in the republican party. it is where the donor base is. the tea party isn't one entity, it is a label given to a movement. stuart: jeff, come join us again as this thing plays out as it will. thank you. >> thank you. stuart: you certainly have fiscal cliff fatigue, got it. so next, my take on foreigners. >> you know, if you're a businessman, how do you decide what you are going to do with your business this year because you don't know how much you are going to be paying taxes. if you are a consumer, how do you decide what you are going to be spending your money on in the up coming year? the level of uncertainty i think is unprecedented. stuart: well said, kelly jane, she was in o
david: if he could have drawn the energy from 2010, yes. >> do you think he would have won? >> yes. >> only chance for success in the election and policy. stuart: it just didn't seem like that, did it? a rotten economy and we re-elect a president who is in charge of that are then economy. who could have seen that? i didn't see that coming. >> short-term incentives. you know, it is where the money is in the republican party. it is where the donor base is. the tea party...
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Dec 31, 2012
12/12
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FOXNEWSW
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eye 96
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with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. >> what president obama says about raising taxes. >> i am just listening to the consensus among people who know the economy best. and what they will say is that if you either increase taxes or significantly lower spending when the economies remain some what fragile it would have a de simulated effect and potentially you see a lot of folks losing business, more folks potentially losing jobs that would be a mistake when the economy has not fully taken off. >>> with me is wall street journal senior economics writer receive moore. has the president changed his mind? >> i love that quote that you have shown. i think it was almost exactly two years ago when the president said that. he said the economy was too fragile for a tax increase. the economy is more fragile now than it was two years ago. if the president were to make an announcement tonight and be a real statesman we are at a deadlock here, we can't reach an agreement, i am going to agree for the good
with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. >> what president obama says about raising taxes. >> i am just listening to the consensus among people who know the economy best. and what they will say is that if you either increase taxes or significantly lower spending when the economies remain some what fragile it would have a de simulated effect and potentially you see a lot of folks losing business, more folks potentially losing...
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. >> five-year extension for stimulus tax credit for a terptive energy diversion and another year that businesses can take 50% bonus appreciation op new equipment and buildings. the deal puts off cuts in doctor's medicare payments for another year and formally cancels assisted living entitlement in obamacare that the administration decided was unaffordable anyway. the catch-all measure extent the subsidy to keep the milk prices from spiking. lack of presidential agreement to cut spending means even if the senate measure passes the house, mr. obama can expect added pressure in weeks when the debt ceiling must be raised again. >> we made a mistake to increase the debt limit the first time and gave that guy all that money to buy votes with. we shouldn't make the same mistakes now. >> the president says the congress should don't that because it holds the credit rating hostage for partisan demand for spending cut bus the republicans say that is the only way the cuts will ever happen. bret >> bret: thank you. the fiscal cliff not the only thing that congress is dealing with. fox news learned
. >> five-year extension for stimulus tax credit for a terptive energy diversion and another year that businesses can take 50% bonus appreciation op new equipment and buildings. the deal puts off cuts in doctor's medicare payments for another year and formally cancels assisted living entitlement in obamacare that the administration decided was unaffordable anyway. the catch-all measure extent the subsidy to keep the milk prices from spiking. lack of presidential agreement to cut spending...
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that's led by energy sector and stocks. ex-financials. and what's also giving us a bit of pause heading into 2013 is the fact that these expectations are calling for about a 7% increase in earnings for next year which may not seem heroic on the surface, but it is a reacceleration from the 5% that we're going to post most likely in 2012. >> you have to think about fundamentals then. >> yeah. i'm worried a bit about that and the fact we're probably going to see a reset in earnings estimates in the next three or four weeks. because these negotiations, we're going to get some closure and resolution. it's still going to be a 1%, 1.5% fiscal drag. that's going to be an impact on earnings heading into 2013. >> rick santelli, what do you make of the reporting that john harwood just came out with a moment ago? what do you think that means? >> well, i found it a little bit curious. because here we are with mitch mcconnell and the vice president trying to work this out from a senate perspective. and the story is the house isn't going to vote for it.
that's led by energy sector and stocks. ex-financials. and what's also giving us a bit of pause heading into 2013 is the fact that these expectations are calling for about a 7% increase in earnings for next year which may not seem heroic on the surface, but it is a reacceleration from the 5% that we're going to post most likely in 2012. >> you have to think about fundamentals then. >> yeah. i'm worried a bit about that and the fact we're probably going to see a reset in earnings...
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i'm from an energy state and the energy committee and his actions are different than his words. he continues to block the keystone pipeline which would help us in terms of energy security and bringing more jobs to america, so his words are very different than his actions and we see it again on energy, with his policies. >> so, senator barrasso, thank you so much for being here. congressman labrador, both of you come back. i appreciate it. >> thanks. >> up next, the odds and costs of diving over the cliff with "time" magazine's michael crowley, a.b. stoddard of the hill, karen tumulty of the "washington post" and cnns's jessica yellen. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell
i'm from an energy state and the energy committee and his actions are different than his words. he continues to block the keystone pipeline which would help us in terms of energy security and bringing more jobs to america, so his words are very different than his actions and we see it again on energy, with his policies. >> so, senator barrasso, thank you so much for being here. congressman labrador, both of you come back. i appreciate it. >> thanks. >> up next, the odds and...
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and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at letsfightfat.com. they don't help single moms. hi! hi! [ sarah ] what happened to our house last year? [ daughters ] it flooded and the water flooded out. yeah. [ sarah ] the red cross arranged the hotel for us. they gave me that break, that leverage, to be able to get it together and take care of them. you know? i feel like we've come full circle. [ daughter 1 ] like that! [ daughter 2 ] this is how i'll do it. [ sarah ] there you go. >> bret: peter lanza the father of newtown shooter adam lanza claimed his son's body. no word when they were claimed or the plans for a funeral service. it could be months before they produce a final report on the investigation. union influence may be slinking. yet, its power is still significant. shipping in the gulf and northe
and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at letsfightfat.com. they don't help single moms. hi! hi! [ sarah ] what happened to our house last year? [ daughters ] it flooded and the water flooded out. yeah. [ sarah ] the red...
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those disappointed democrats with remarks that he just made by citing gains that he had won in terms of energy and education tax breaks he supported in the past and vowing to seek more revenue later on when we get to the discussion of entitlement cuts or what republicans believe is safer ground. saw some tweets saying he is trying to gum up the works. but there is the way the to and fro negotiation of president obama making sure his own troops are in line if he makes a deal. >> absolutely. talking to and fro, when president obama was speaking and saying a fiscal cliff deal was in sight, we saw the dow spike back above the 13,000 market pch pairing those gains a little bit as we speak. still below the 13k mark right now. we will watch this as we continue to get headlines. let's talk to aimian who is also falling a minute by minute changes. what is the latest in your camp? >> the deal john just outlined would be a relief here on capitol hill. i talked to congressman last night who were worried that negotiations would break down and the democratic senate would send over a hot potato bill. they th
those disappointed democrats with remarks that he just made by citing gains that he had won in terms of energy and education tax breaks he supported in the past and vowing to seek more revenue later on when we get to the discussion of entitlement cuts or what republicans believe is safer ground. saw some tweets saying he is trying to gum up the works. but there is the way the to and fro negotiation of president obama making sure his own troops are in line if he makes a deal. >>...
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with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. .> you are watching wbal >> good evening. thank you for staying up late. we begin tonight with news that hillary clinton has been admitted to a hospital in new york. doctors discovered a blood clot during a follow-up exam today. he would not say where the client is located. -- the blood clot is located. she suffered a concussion several weeks ago after fainting while recovering from a stomach virus. she is supposed to return to work tomorrow. in 24 hours, america goes after a bridge over the fiscal cliff. the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal clif
with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. .> you are watching wbal >> good evening. thank you for staying up late. we begin tonight with news that hillary clinton has been admitted to a hospital in new york. doctors discovered a blood clot during a follow-up exam today. he would not say where the client is located. -- the blood clot is located. she suffered a concussion several weeks ago after fainting while recovering from a...
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>> well, i guess the temptation is to say this is going to use up all the energy and fighting spirit of the white house but the president has four years, maybe two, maybe one before the mid terms, one after. i think that there's a legacy situation in play here and so i'm pretty sure that he is going to want to not leave huge debt and there is also a situation where what's good for him is also good in some respects for republicans. so do republicans want immigration reform before the next election? do they want to dig out of the hole they're in with hispanic voters? so there is some mutual interest. i think that gun fight is going to be very difficult but i think that's something that we're going to see, if it doesn't happen this year it may happen the next year or the year after. it is just something that i think the president will want to leave office having achieved. so nothing is going to be easy. we'll have very many brinks, you know, and a lot of fighting over principles which is not a bad thing but i think ultimately a lot of these issues will be addressed. >> david, sequestrat
>> well, i guess the temptation is to say this is going to use up all the energy and fighting spirit of the white house but the president has four years, maybe two, maybe one before the mid terms, one after. i think that there's a legacy situation in play here and so i'm pretty sure that he is going to want to not leave huge debt and there is also a situation where what's good for him is also good in some respects for republicans. so do republicans want immigration reform before the next...
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it would extend tax credits for clean energy company that is are creating jobs and reducing dependence on foreign oil. it would extend unemployment insurance to 2 million americans out there still actively looking for a job. >> president obama speaking in the past half hour saying a deal to avoid the fiscal cliff is in sight and not done yet. in the wake of that, stocks are higher as investors remain laser focused on the fiscal cliff negotiations and right now the dow up about 70 points right now and that could break the string of five straight losing sessions on wall street. now joining me is sue herrera. how are you investors feeling? >> i think rather uncertain because as the president said, the deal is in the works but it is not done yet. wall street is aching for a deal. we saw that as the president was speaking at 1:30 p.m. eastern time. the dow jones industrial average up 75 and then mentioned the fact that we weren't getting the deal done right now at this very minute. we sold off on the trading session so wall street needs some certainly. it doesn't need a band aid approach an
it would extend tax credits for clean energy company that is are creating jobs and reducing dependence on foreign oil. it would extend unemployment insurance to 2 million americans out there still actively looking for a job. >> president obama speaking in the past half hour saying a deal to avoid the fiscal cliff is in sight and not done yet. in the wake of that, stocks are higher as investors remain laser focused on the fiscal cliff negotiations and right now the dow up about 70 points...
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they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec recognize equality before public burden. what this means is it has been applied to individuals rather than households. the court knows this top rate would have applied to a married cou
they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and...
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and how they use energy. the drive behind it is a belief that the world will need this resource. this is in the arctic. in such a short time that is all i can tell you. it is about the scrutiny about whether or not we are doing it the right way. >> i have been north of the arctic circle of a couple of times. it is a very fragile and precious place. we have to be extremely careful there. " does not break up as fast but it spills. i would also say those of us to think a lot about climate change is pretty easy to be depressed. it is pretty gloom and doomy. it is cutting on weight faster than the scientists who work for me of the woman. bondcapitalism accounts for this external costs. it is what is driving this. it is what the economists call externalities. >> do you think we can have a carbon tax in america? >> i would like to see a price linked to a cap on carbon that guarantees that we have reductions. the trick is not what the prices. we have to get a system in place that mandates construction. when we tried
and how they use energy. the drive behind it is a belief that the world will need this resource. this is in the arctic. in such a short time that is all i can tell you. it is about the scrutiny about whether or not we are doing it the right way. >> i have been north of the arctic circle of a couple of times. it is a very fragile and precious place. we have to be extremely careful there. " does not break up as fast but it spills. i would also say those of us to think a lot about...
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when it comes to the products which are stronger today, the strongest part of the energy complex, looking for distillates to be down 350,000 barrels and a build of 350,000 barrels. gasoline prices were up 4% and nat gas, that will be the first one out at 10:30 tomorrow morning. we're expecting about a 76 billion cubic foot drawdown. seasonally lower and nat gas, look at that chart. under pressure of late. it's going to have its first positive year in five years and a pretty good one, matching a performance we've seen in stocks, the best in the energy patch. back to you. >> thank you so much. we just got word that the senate republican leader mitch mcconnell will be going before cameras shortly so that could be market-moving as well. we'll wait to see what that is. >> when he speaks, we'll bring him to you. flows into stocks-based mutual and exchange traded funds have posted 8 billion and bonds, on the other hand, have taken less than 1 billion. a bit of a rotation going on here. should investors be putting money to work in equities despite today's selloff? >> the battle of stocks versus b
when it comes to the products which are stronger today, the strongest part of the energy complex, looking for distillates to be down 350,000 barrels and a build of 350,000 barrels. gasoline prices were up 4% and nat gas, that will be the first one out at 10:30 tomorrow morning. we're expecting about a 76 billion cubic foot drawdown. seasonally lower and nat gas, look at that chart. under pressure of late. it's going to have its first positive year in five years and a pretty good one, matching a...
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they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec recognize equality before public burden. what this means is it has been applied to individuals rather than households. the court knows this top rate would have applied to a married cou
they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and...
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campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> >>> there's a growing controversy to tell you about tonight. and it has something to do with this. ♪ i am so in love with you >> that's right. all the out rage involves president obama singing. and chris christie is also involved. probably not what you're thinking, though. we'll fill you in ahead. stay wus. le thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> with the new year comes a new congress. politicians come and go, but there are few who will miss more than congressman barney frank. for 17 terms and 32 years, he's been a fighter for fairness. the chairman and the man always good for a sound byte or ten. >>
campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> >>> there's a growing controversy to tell you about tonight. and it has something to do with this. ♪ i am so in love with you >> that's right. all the out rage involves president obama singing. and chris christie is also involved. probably not what you're thinking, though. we'll fill you in ahead. stay wus. le thing. and you really don't...
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spoke to me by phone as i was preparing to go on with a source familiar with the talks who noted a wind energy tax credit is preserved as the president eluded to in his remarks. also depreciation for businesses with spending money on new equipment. all of those things arement wills of the tax deal, but until they get the sequester, the budget elements worked out, the deal's not going to be finished. >> now, the deduction phaseout. this is relatively new. any idea at this point which deductions we're talking about and any timetable for them? >> i have to confess, bill, i don't know how exactly that works. these are provisions that were first initiated in the 1990s as a way of getting more revenue from people at the top without raising their rates. so what you do is you take the same deductions that other people can take and you limit their value over a certain income level. this is in addition to something the president's proposed of making the tax deductions for people above a certain income level valued only at a lower percentage tax rate than the 39.6% rate. we'll see how all of these things
spoke to me by phone as i was preparing to go on with a source familiar with the talks who noted a wind energy tax credit is preserved as the president eluded to in his remarks. also depreciation for businesses with spending money on new equipment. all of those things arement wills of the tax deal, but until they get the sequester, the budget elements worked out, the deal's not going to be finished. >> now, the deduction phaseout. this is relatively new. any idea at this point which...
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you are writing about nuclear energy budgets, is that correct? >> hard to imagine but, yes. >> reporter: at the same time, you start to give lots of dinner parties and having people in your home. they were your guinea pigs. >> they were. i worked my way through julia charles, mastering the art of french cooking. i learned how to cook from that. i left the budget behind. now, you get to make shortbread, which is so much better. >> i start with a quarter of pound of butter, room temperature, very important and a cup of sugar. >> reporter: what is your typical weekend morning like? >> jeffrey likes to write so i usually work on recipes. i will go to the barn and work on a recipe that's been bothering me, have friends to dinner. >> reporter: for the holidays, the routine doesn't change much except with time to ring in the new year and the party moves from long island to paris. >> i always make something really simple like pasta with white truffles or lemon capallini with caviar. it takes ten minutes to make aund can make it at mitt night with a littl
you are writing about nuclear energy budgets, is that correct? >> hard to imagine but, yes. >> reporter: at the same time, you start to give lots of dinner parties and having people in your home. they were your guinea pigs. >> they were. i worked my way through julia charles, mastering the art of french cooking. i learned how to cook from that. i left the budget behind. now, you get to make shortbread, which is so much better. >> i start with a quarter of pound of...